Alfred Slide Owns a Toy Store in Which There Is

question 24

Short Answer

Alfred Slide owns a toy store in which there is a state sales tax of 4%. For the week of December 9, sales were $154,000, and that included the 4% sales tax. Assuming that Slide's sales did not include sales tax, what would have been Alfred's tax liability?

---

Definitions:

Direct Expense

Direct expense refers to costs that can be directly attributed to the production of specific goods or services, such as raw materials and labor.

Shoe Department

A specific section within a store or company dedicated to the sale and display of shoes.

Building Expenses

Costs associated with the maintenance, repair, and running of a building.

Allocation Base

A criterion or measure used for distributing costs or expenses across different departments or products.